Southwest Gas (SWX) to Release Quarterly Earnings on Wednesday

Southwest Gas (NYSE:SWX - Get Free Report) will release its earnings data before the market opens on Wednesday, May 8th. Analysts expect Southwest Gas to post earnings of $1.70 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Southwest Gas (NYSE:SWX - Get Free Report) last issued its quarterly earnings data on Wednesday, February 28th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.16. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.27 billion. Southwest Gas had a return on equity of 7.28% and a net margin of 2.78%. On average, analysts expect Southwest Gas to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Southwest Gas Price Performance

Shares of SWX stock traded down $0.01 during trading on Wednesday, hitting $74.61. The company had a trading volume of 346,918 shares, compared to its average volume of 467,055. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market capitalization of $5.34 billion, a P/E ratio of 35.25, a price-to-earnings-growth ratio of 3.61 and a beta of 0.36. The stock's 50-day moving average price is $72.10 and its 200 day moving average price is $64.61. Southwest Gas has a one year low of $53.79 and a one year high of $76.75.

Southwest Gas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 3rd. Investors of record on Wednesday, May 15th will be paid a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 3.32%. The ex-dividend date of this dividend is Tuesday, May 14th. Southwest Gas's dividend payout ratio (DPR) is currently 116.98%.

Wall Street Analysts Forecast Growth

Separately, Citigroup boosted their price target on Southwest Gas from $64.00 to $73.00 and gave the company a "neutral" rating in a research note on Thursday, February 29th.

About Southwest Gas

Southwest Gas Holdings, Inc, through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and Storage segments. It also provides trenching, installation, and replacement of underground pipes, as well as maintenance services for energy distribution systems.